Apple Inc. (NASDAQ:AAPL) Shares Acquired by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,685 shares of the iPhone maker’s stock after purchasing an additional 82 shares during the quarter. Apple comprises 3.2% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 11th largest position. Lake Hills Wealth Management LLC’s holdings in Apple were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wyrmwood Management LLC grew its holdings in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares in the last quarter. Gilfoyle & Co LLC grew its holdings in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares in the last quarter. PayPay Securities Corp grew its holdings in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares in the last quarter. Cordant Inc. grew its holdings in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after buying an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc bought a new position in Apple in the 4th quarter worth approximately $132,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL opened at $165.84 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62. The stock has a fifty day moving average of $174.24 and a 200-day moving average of $182.10. The firm has a market capitalization of $2.56 trillion, a P/E ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period last year, the company earned $1.88 earnings per share. Apple’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. Apple’s dividend payout ratio is 14.95%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AAPL shares. Barclays decreased their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Citigroup reissued a “buy” rating and issued a $225.00 price objective on shares of Apple in a report on Friday, February 16th. Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 price objective on shares of Apple in a report on Tuesday, March 5th. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price target for the company. in a research note on Wednesday, January 10th. Finally, Bank of America raised Apple from a “neutral” rating to a “buy” rating and increased their price target for the company from $208.00 to $225.00 in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Luca Maestri sold 53,194 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.